Bosung Power (Korea) Market Value
| 006910 Stock | KRW 2,565 10.00 0.39% |
| Symbol | Bosung |
Bosung Power 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Bosung Power's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Bosung Power.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Bosung Power on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Bosung Power Technology or generate 0.0% return on investment in Bosung Power over 30 days. Bosung Power is related to or competes with Korea New, Busan Industrial, Sam Chun, Humax, Finebesteel, Shinhan Inverse, and Fine Besteel. Bosung Power Technology Co., Ltd engages in the development, manufacture, and sale of electric power equipment in South ... More
Bosung Power Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Bosung Power's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Bosung Power Technology upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 37.98 | |||
| Value At Risk | (5.69) | |||
| Potential Upside | 4.19 |
Bosung Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bosung Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bosung Power's standard deviation. In reality, there are many statistical measures that can use Bosung Power historical prices to predict the future Bosung Power's volatility.| Risk Adjusted Performance | 0.0069 | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.01) |
Bosung Power Technology Backtested Returns
Bosung Power Technology secures Sharpe Ratio (or Efficiency) of -0.2, which signifies that the company had a -0.2% return per unit of risk over the last 3 months. Bosung Power Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bosung Power's Standard Deviation of 4.64, mean deviation of 2.47, and Risk Adjusted Performance of 0.0069 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 1.41, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Bosung Power will likely underperform. At this point, Bosung Power Technology has a negative expected return of -0.56%. Please make sure to confirm Bosung Power's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Bosung Power Technology performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.25 |
Poor predictability
Bosung Power Technology has poor predictability. Overlapping area represents the amount of predictability between Bosung Power time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Bosung Power Technology price movement. The serial correlation of 0.25 indicates that over 25.0% of current Bosung Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.25 | |
| Spearman Rank Test | 0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 26.7 K |
Bosung Power Technology lagged returns against current returns
Autocorrelation, which is Bosung Power stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Bosung Power's stock expected returns. We can calculate the autocorrelation of Bosung Power returns to help us make a trade decision. For example, suppose you find that Bosung Power has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Bosung Power regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Bosung Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bosung Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bosung Power stock over time.
Current vs Lagged Prices |
| Timeline |
Bosung Power Lagged Returns
When evaluating Bosung Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bosung Power stock have on its future price. Bosung Power autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Bosung Power autocorrelation shows the relationship between Bosung Power stock current value and its past values and can show if there is a momentum factor associated with investing in Bosung Power Technology.
Regressed Prices |
| Timeline |
Pair Trading with Bosung Power
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Bosung Power position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Bosung Power will appreciate offsetting losses from the drop in the long position's value.Moving together with Bosung Stock
Moving against Bosung Stock
The ability to find closely correlated positions to Bosung Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bosung Power when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Bosung Power - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Bosung Power Technology to buy it.
The correlation of Bosung Power is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bosung Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bosung Power Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Bosung Power can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Bosung Stock
Bosung Power financial ratios help investors to determine whether Bosung Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bosung with respect to the benefits of owning Bosung Power security.